Property Description:

We are assigning our equitable interest in an off-market, value-add triplex located right on the East Livingston Ave corridor (Zip: 43205). If you are looking for an asset with a clear, short path to completely clearing the 1% rule upon stabilization, this is your deal.

The Income & Deal Structure:

Assignment Price: $375,000
Current Gross Income: $2,700/month (Units A & B are currently occupied at $1,350/mo each)
Value-Add Upside: Unit C is a 2-bed, 2-bath unit delivered vacant at closing and requires only a very light cosmetic turn.
Pro-Forma Gross Income: $3,900/month (Underwriting the vacant unit at a highly conservative $1,200/mo)
Stabilized Net Operating Income (NOI): $28,800 (Accounting for standard 40% operating expenses)
Yield: 7.68% Cap Rate at the current asking price.
The Document Package:

A clean, unredacted document package is ready to hand over to a serious buyer immediately upon request. The file includes:

Complete current Rent Roll

Historical Physical Appraisal from July 2024 

Note: The seller is currently arranging access to the vacant unit to capture fresh interior photographs. These will be added to the document link the moment they are received.

Closing Terms: Buyer to pay standard closing costs. This transaction is an all-cash assignment. The first buyer to execute the assignment contract and wire a $5,000 non-refundable EMD to escrow locks it up.